MARKET REVIEW
The JCI gained 1.14% to 6,600, closing near the day’s high as nine of eleven sectors advanced. Industrials (+3.71%), technology (+2.90%), energy (+2.39%) and financials (+1.48%) led the rally, while BBRI, BBCA and BMRI were the largest index contributors. Sentiment held firm despite August manufacturing PMI returning to contraction and the July trade surplus narrowing sharply.
Asian equities were mixed. KOSPI rose 0.23%, while Nikkei 225 fell 0.15%, Shanghai Composite slipped 0.16% and ASX 200 eased 0.10%. Hang Seng lost 0.93%, as investors weighed softer regional factory data and renewed uncertainty over global growth.
European markets opened mixed, with STOXX 600 and FTSE 100 broadly flat and CAC 40 up 0.17%, while DAX 40 declined 0.41%. Investors assessed eurozone inflation data and manufacturing activity ahead of the next policy signals.
NEWS HIGHLIGHTS
- BI – Stability Remains Policy Priority
- Danantara – LRT City Funding Starts September
- Domestic – Inflation Accelerates to 3.19%
- Domestic – Trade Surplus Narrows to USD 120mn
- Domestic – Factory PMI Returns to Contraction
- APEX – Debt Converted Through Private Placement
- BUMI – Coal-to-Methanol Project Breaks Ground
- DSSA – Solar Module Capacity Expansion Planned
- PGAS – Secures Long-Term Tungkal Gas Supply
- TPIA – Cilegon Port Opens to External Users
Regards, Aldiracita Research
